Brent oil price below $37

Brent oil futures prices with supply in January 2016 drop 2% during the trading session on the London’s ICE on Monday to $36.98 a barrel, breaking the level of $37 per barrel for the first time from December 2008. WTI futures prices with supply in January 2016 fall 1.5% on the ICE to $34.94 a barrel breaking the mark of $35 per barrel for the first time from February 2009.

Oil prices have accelerated the fall after the meeting of OPEC held on December 4.